Brick Capital CDC Down Payment Assistance Program (CPLP)
Brick Capital CDC Down Payment Assistance Program (CPLP) is a deferred second loan for homebuyers in Sanford, North Carolina, administered by Brick Capital Community Development Corporation.
The program asks for
- A completed homebuyer education course
- Must be combined with NC Home Advantage Mortgage or USDA Section 502 Direct loan. Requires 6 hrs homebuyer education + 2 hrs one-on-one in-person pre-purchase counseling from HUD-approved agency. Amount: lesser of 25% of sales price or $50,000.
- A home in Lee; Chatham; Harnett; Montgomery; Moore; Richmond County
It doesn’t cover
- Households above 80% of area median income
- Homes outside Lee; Chatham; Harnett; Montgomery; Moore; Richmond County
These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.
Income limit
80% of Lee; Chatham; Harnett; Montgomery; Moore; Richmond County’s area median income
HUD sets the area median income each year. The limit changes with household size, so a family of five has a higher limit than a single homebuyer.
How to apply
How to applyThree steps, in this order
Take a homebuyer education course
Required by the program before funds are reserved.
Contact Brick Capital Community Development Corporation to reserve funds
Funds are reserved with the provider and are subject to availability.
Work with a lender who handles the program
Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.
Questions about this program
What is Brick Capital CDC Down Payment Assistance Program (CPLP)?
Brick Capital CDC Down Payment Assistance Program (CPLP) is a deferred second loan for homebuyers in Sanford, North Carolina, administered by Brick Capital Community Development Corporation. Funding comes from NCHFA Community Partners Loan Pool (CPLP).
How much assistance does it provide?
Brick Capital CDC Down Payment Assistance Program (CPLP) offers up to $50,000 in assistance. Amounts are the program's published maximums, not an offer — Brick Capital Community Development Corporation determines any individual award.
Do you have to pay it back?
Brick Capital CDC Down Payment Assistance Program (CPLP) is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off. The assistance is recorded in second position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.
Who qualifies?
Brick Capital CDC Down Payment Assistance Program (CPLP) sets its eligibility rules through Brick Capital Community Development Corporation, and does not restrict applicants to first-time homebuyers. A homebuyer education course is required. Must be combined with NC Home Advantage Mortgage or USDA Section 502 Direct loan. Requires 6 hrs homebuyer education + 2 hrs one-on-one in-person pre-purchase counseling from HUD-approved agency. Amount: lesser of 25% of sales price or $50,000.
What are the income limits?
Brick Capital CDC Down Payment Assistance Program (CPLP) limits household income to 80% of the area median income, which varies by county and household size. Household income at or below 80% of Area Median Income. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.
What kind of home can it be used for?
Brick Capital CDC Down Payment Assistance Program (CPLP) can be used for single_family, townhouse, and condo.
Where does it apply?
Brick Capital CDC Down Payment Assistance Program (CPLP) serves homebuyers purchasing in Sanford, North Carolina.
How do you apply?
Applications for Brick Capital CDC Down Payment Assistance Program (CPLP) go through Brick Capital Community Development Corporation, which publishes the current terms and the application steps on its own site. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.
Also for Lee; Chatham; Harnett; Montgomery; Moore; Richmond County homebuyersOther programs open to Lee; Chatham; Harnett; Montgomery; Moore; Richmond County homebuyers
- NC 1st Home Advantage Down PaymentUp to $15,000
- Down Payment AssistanceUp to $2,500
- Community Partners Loan Pool (CPLP)Deferred
Whether two programs can be combined is up to each agency. Ask before you apply.
All 69 programs for Lee; Chatham; Harnett; Montgomery; Moore; Richmond CountyProgram terms are set by Brick Capital Community Development Corporation and can change; confirm on the official site before you apply.